LDR Set to Raise $25M in Secondary Offering

LDR Holding Corp. plans to raise $25 million in a secondary public offering of its common stock.

The Austin, Texas-based orthopedic device maker expects to sell 3.8 million shares of common stock, which includes an option for the underwriters to purchase additional shares to cover over-allotments, according to a recent filing with the U.S. Securities and Exchange Commission.

The firm completed its initial public offering in October 2013.

In February, LDR Holding reported a fourth-quarter loss of $14.9 million compared to a $1.7 million loss in the fourth quarter of 2012, when it was still a private company. For the full year, LDR’s posted a loss of $27.8 million compared to an $8.9 million loss during 2012.

LDR, which was founded in France in 2000, makes implantable spinal devices and instrumentation.